Company Registration No. SC273041 (Scotland)
Purdie Holdings Limited
Unaudited accounts
for the year ended 28 February 2021
Purdie Holdings Limited
Unaudited accounts
Contents
Purdie Holdings Limited
Company Information
for the year ended 28 February 2021
Directors
Mathieson Purdie
Marisa Rosa Purdie
Company Number
SC273041 (Scotland)
Registered Office
The Horsemill
2 Wester Dalmeny Steading
Dalmeny
West Lothian
EH30 9TT
Scotland
Accountants
Select Financial Management Limited
4 Romano House
43 Station Road
Edinburgh
EH12 7AF
Purdie Holdings Limited
Statement of financial position
as at
28 February 2021
Investment property
1,451,575
1,451,575
Cash at bank and in hand
23,850
11,811
Creditors: amounts falling due within one year
(107,507)
(85,811)
Net current assets
149,875
153,411
Total assets less current liabilities
1,601,450
1,605,079
Creditors: amounts falling due after more than one year
(292,144)
(308,424)
Net assets
1,309,306
1,296,655
Called up share capital
412,718
412,718
Revaluation reserve
275,889
275,889
Profit and loss account
620,699
608,048
Shareholders' funds
1,309,306
1,296,655
For the year ending 28 February 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 10 March 2021 and were signed on its behalf by
Marisa Rosa Purdie
Director
Company Registration No. SC273041
Purdie Holdings Limited
Notes to the Accounts
for the year ended 28 February 2021
Purdie Holdings Limited is a private company, limited by shares, registered in Scotland, registration number SC273041. The registered office is The Horsemill, 2 Wester Dalmeny Steading, Dalmeny, West Lothian, EH30 9TT, Scotland.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of investment property.
The accounts are presented in £ sterling.
Turnover represents rent receivable in the period, and is stated net of discounts, rebates, and value added tax.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
25% on cost
Purdie Holdings Limited
Notes to the Accounts
for the year ended 28 February 2021
4
Tangible fixed assets
Computer equipment
Cost or valuation
At cost
5
Investment property
2021
Fair value at 1 March 2020
1,451,575
At 28 February 2021
1,451,575
Investment properties are shown at the directors' valuation.
Other debtors
201,994
227,411
Total debtors less than one year
233,532
227,411
Total debtors
233,532
227,411
Amounts due after more than one year
177,034
201,994
7
Creditors: amounts falling due within one year
2021
2020
Bank loans and overdrafts
22,436
20,788
Taxes and social security
16,521
12,583
Loans from directors
65,181
48,327
The loans from directors are unsecured, interest free and have no fixed repayment date.
Purdie Holdings Limited
Notes to the Accounts
for the year ended 28 February 2021
8
Creditors: amounts falling due after more than one year
2021
2020
Bank loans
292,144
308,424
Aggregate of amounts that fall due for payment after five years
203,635
225,273
The bank loan is secured by a fixed charge over the company's premises as well as a bond and floating charge over all other assets.
9
Transactions with related parties
During the year, dividends of £60,000 (PY: £60,000) were paid to the directors of the company by virtue of their shareholdings.
10
Average number of employees
During the year the average number of employees was 2 (2020: 2).